Rapeseed oil exports from Ukraine decreased by 48%

Published 2025년 2월 22일

Tridge summary

Ukraine's rapeseed oil exports in the July-January period of the 2024/25 marketing year saw a significant decrease of 48%, totaling 196.6 thousand tons. This decline, despite being the second largest on record, is attributed to a rise in global and local rapeseed costs, a drop in European production, and a more lucrative market for raw material exports. The majority of the exports, nearly 143 thousand tons, were sent to the European Union, making Ukraine the second largest supplier after Russia. The EU imported about 141 thousand tons of rapeseed oil, with 63% being Ukrainian, as imports from Belarus have been halted due to import duties, and the country has shifted its focus to the Chinese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to operational data, in July-January 2024/25 MY, rapeseed oil exports from Ukraine decreased to 196.6 thousand tons, which is 48% lower than in the same period of the previous season. Nevertheless, this volume became the second largest for the specified period in the entire history of product exports, analysts of APK-Inform Agency noted. The reduction in rapeseed oil shipments is due to the increase in the cost of rapeseed in the world and in Ukraine, in particular, against the background of a decrease in its production in Europe in 2024 and the higher attractiveness of raw material exports compared to processing at Ukrainian plants. The main volume of oil exports in the current season fell to the European Union countries, where almost 143 thousand tons were shipped. tons (-32% compared to 2023/24 MY), or 73% of the total volume (55% in 2023/24 MY). Despite the reduction in shipments, Ukraine remained one of the main suppliers of rapeseed oil to the EU. According to ...

Source: Agravery